Son's nose for an investment has turned Alibaba into a stake worth $50 billion as the Chinese e-commerce giant heads for the biggest U.S. tech IPO.» Read More
Aug 28- Private equity firm Lion Capital LLP has told American Apparel Inc that it is exercising its right to fill one of the two vacant board seats it controls at the apparel retailer, the Wall Street Journal reported, citing people familiar with the matter.
BEIJING, Aug 28- Microsoft Corp Chief Executive Officer Satya Nadella is set to visit China in late September, a source familiar with the matter said on Thursday, as the Chinese government conducts an antitrust investigation into the world's largest software company.
SAN FRANCISCO, Aug 27- A U.S. judge rejected Apple Inc's latest bid for a permanent injunction against Samsung Electronics Co Ltd in another sign of the diminishing impact of the smartphone patent wars. Apple won a $120 million jury verdict against Samsung earlier this year over three Apple patents.
SAN JOSE, Calif.— A federal judge has rejected Apple's attempt to block the sale of several older Samsung smartphones that copied features in the iPhone. Wednesday's rebuff comes nearly four months after a jury awarded Apple Inc. $119 million in damages for Samsung's infringements on technology used in the trend-setting iPhone.
SINGAPORE, Aug 28-' Open data'- the trove of data-sets made publicly available by governments, organisations and businesses- isn't normally linked to high-wire politics, but just may have saved last month's Indonesian presidential elections from chaos.
BEIJING, Aug 28- Masayoshi Son's nose for an investment has turned a $20 million start-up punt on Alibaba into a stake worth maybe $50 billion or more as the Chinese e-commerce giant co-founded and led by Jack Ma heads to what could be the biggest U.S. tech IPO of all time.
Aug 26- Digital video recorder maker TiVo Inc reported better-than-expected quarterly profit and revenue due to strong growth in subscribers through cable TV partners such as Virgin Media in the UK, ONO in Spain and Com Hem AB in Sweden. TiVo's subscriptions rose by a third to 4.8 million in the second quarter ended July 31.
Aug 26- Google Inc said it bought Zync Render, the visual effects cloud-rendering technology company behind "Star Trek Into Darkness". "Together Zync and Cloud Platform will offer studios the rendering performance and capacity they need, while helping them manage costs," Google product manager Belwadi Srikanth wrote in a blog, announcing the deal.
The race is on among U.S. companies to find the best ways to cut their tax bills, reports USA Today.
Sean Lyons, a 23-year-old bike messenger, divides his time between three different on-demand delivery services.
Amazon's deal for Twitch shows the e-commerce and media giant's "aspirations to be in live entertainment," the largest investor in Twitch tells CNBC.
A Chinese antitrust probe into Microsoft's Windows web browser and media player is the latest of several government complaints against the firm.
*War with Hamas weighing on consumers, industry, tourism. *Bank of Israel has cut interest rates twice; at record low. The war against Hamas in Gaza, which ran into a 50th day on Tuesday, has taken a heavy toll, hitting tourism, slowing consumer spending as people stay indoors and denting manufacturing, especially in plants close to Gaza.
Mozilla has launched its first smartphone in India running its Firefox operating system (OS) for 1,999 rupees ($33).
Ethan Kurzweil, Bessemer Venture Partners, provides insight on Amazon's $970 million acquisition of video game streaming company Twitch.
SAN FRANCISCO/ LOS ANGELES, Aug 25- Amazon.com Inc tracked Twitch's evolution from scrappy guerrilla startup to one of the Internet's hottest media properties. Amazon's $970 million bet- its largest ever- underscores how a loyal and fast-growing following for live-streaming video has grabbed the attention of big brands.
SAN FRANCISCO, Aug 25- Amazon.com Inc snapped up live-streaming gaming network Twitch Interactive for about $970 million in cash, marking the largest deal in the U.S. e-commerce company's 20- year history. It reflects Chief Executive Jeff Bezos' resolve to transform Amazon into an Internet destination beyond its core retail operations.
The all-cash deal will give Amazon an extraordinarily popular streaming video arm—one that could actually rival Google's YouTube.
NEW YORK— Amazon is hoping to become the ESPN of video games. The e-commerce giant is buying streaming platform Twitch Interactive for $970 million in cash as it seeks to take part in video gaming's growth as an online spectator sport.
SAN FRANCISCO, Aug 25- Amazon.com Inc on Monday said it will buy live-streaming gaming network Twitch Interactive for about $970 million in cash, marking one of the U.S. e-commerce company's largest deals to date.